In a wide-ranging CoinDesk interview released yesterday, Cardano founder Charles Hoskinson sharpened a years-long critique of Ethereum’s long-term viability, arguing that the network’s reliance on rollups and external scaling layers has created economic incentives that will ultimately hollow out the base chain. While acknowledging Ethereum’s technical progress, he contended that “as a general-purpose, smart-contract ledger,” the project has nurtured an ecosystem that “will slowly but surely eat [it] alive.” Why Ethereum Is Doomed To Fail: Cardano Founder Hoskinson framed the core problem as one of misaligned incentives between Ethereum’s L1 and its expanding constellation of L2s. “To make Ethereum better, they’ve had to embrace layer twos,” he said. “The layer twos are not strong allies… they’re partners of necessity.” In his view, rollup teams “don’t particularly care if they’re attached to Solana or they become a layer one,” so if better economics or user growth lie elsewhere, “they could simply migrate or go multi-chain.” New applications and liquidity, he added, are already “outside of the Ethereum ecosystem,” eroding the network’s historical network effects. Related Reading: Cardano Pushes Past $0.85: Falling Wedge Breakout Confirmed? “So if they’re gobbling up the transaction volume and gobbling up the users and they’re gobbling up the token appreciation, if there’s a more attractive target, they could simply migrate or go multi-chain,” Hoskinson said, adding that this trend is already observable with LayerZero and Espresso. That erosion, Hoskinson argued, is set to accelerate as two external forces gather momentum. First, he described Bitcoin DeFi as a “sleeping giant” that could attract “hundreds of billions” in total value once primitives such as stablecoins, DEXs and lending are built with credible security assumptions. “When Bitcoin wakes up… its TVL will be… larger than the market cap of Ethereum,” he said, noting that sovereigns and major asset managers would likely prefer to build around Bitcoin exposure. Second, he expects large technology platforms and traditional financial institutions to enter with their own infrastructure, adjacent to public chains but not economically dependent on Ethereum’s base layer—“Microsoft… Google… Amazon… have no incentive to go boost Ethereum or deploy on Ethereum,” he said. The technological arc, in Hoskinson’s telling, also tilts away from shared-state blockchains. As zero-knowledge proofs and “proof-carrying code” mature, more computation can be executed off-chain—in secure enclaves, on devices, or within MPC systems—leaving the chain to verify succinct proofs. “Why… spend billions of dollars a year maintaining this very weak computer that’s shared and replicated,” he asked, “when you can turn it into a distributed problem that runs everywhere?” Like Microsoft missing mobile and pivoting from Windows dominance to Azure, he suggested, Ethereum may ultimately need to “pivot to a new McGuffin” to retain relevance even if it remains present in the stack. Related Reading: Cardano Sentiment Crashes To 5-Month Low As ADA Defends Key Price Level Notably, Hoskinson’s assessment was not unqualified dismissal. He credited Ethereum for “keeping up with the times,” investing in rollups and zero-knowledge technology, and building a “Goliath” ecosystem that survived early funding scares and the DAO crisis. “They’ve done some really incredible things,” he said, and he allowed that “it’s entirely possible that Ethereum could pivot… and get very good at that” new role. The nub of his skepticism is not competence but structure: in his view, the more rollups succeed, the less compelling the L1 becomes as the economic hub. The remarks reprise and elaborate on a stance Hoskinson aired earlier this year, when he said during an AMA: “I don’t think Ethereum will survive more than 10 to 15 years,” predicting that L2s would “suckle out all of the alpha.” Hoskinson’s analysis also folds into his own current bets for Cardano. He cast Bitcoin-centric DeFi as a three-rule design target—security derived from Bitcoin, fees paid in Bitcoin, and yields returned in Bitcoin—and argued that companion chains and trust-minimized bridges will be necessary to make it work. He presented Cardano’s extended-UTXO design and its privacy sidechain Midnight as infrastructure positioned to serve that market while offering selective-disclosure compliance for institutions. At press time, ADA traded at $0.89. Featured image created with DALL.E, chart from TradingView.com
Stripe-linked proposal draws early validator support despite community pushback.
Belarus' President has ordered commercial banks to expand digital assets in payments, as the country attempts to skirt Western restrictions.
Thousands of Nepalis turned to Jack Dorsey’s Bluetooth mesh network messaging app in response to the government’s social media ban, which has since been lifted.
BitMine Immersion has reportedly accumulated a staggering 319,000 ETH in just a single week. The massive purchase, worth over a billion dollars, underscores growing conviction in Ethereum’s long-term value among institutions and big players, tightening market liquidity. Could This Trigger An Ethereum Supply Crunch? In a move that highlights the growing institutional confidence in Ethereum, Paul Barron has mentioned on X that BitMine Immersion has just absorbed 319,000 ETH in a single week, which is equivalent to 0.26% of Ethereum’s total supply removed from circulation. Related Reading: BitMine’s Ethereum Treasury Hits New Milestone With 2 Million ETH Holdings Barron extrapolates this acquisition velocity, calculating that at the same rate, BitMine could demand an additional 4.1 million ETH in the 13 weeks remaining in 2025. This demand would be hitting a market where the current liquid supply on exchanges is only around 11 million ETH. He concludes that if just three to four more institutions adopt the Bitmine playbook, the combined demand would cause the market to face a supply crisis that is more severe than in 2021. However, a removal of 319,000 ETH and a staking lockup from the liquid market suggests that deflationary pressure is accelerating. According to Barron, smart money is positioning now. He predicts that while retail investors will only begin to chase ETH at levels above $8,000, Ethereum could reach $15,000 by December, which is “mathematical inevitability” if this institutional FOMO continues to spread. ETH Supply Locked In Staking Reaches Record Levels While a prominent figure is accumulating ETH every week, Ethereum is on the verge of a supply shock, despite appearing bearish on-chain two weeks ago. However, at the end of August, Bull Theory revealed that the on-chain data showed a spike in the validator exit queue to nearly 1 million ETH, the highest in months. Related Reading: Institutional Flows Push Ethereum into Spotlight: Analysts Eye $6K to $12K Targets Ahead The development may signal fear and potential selling pressure, but the narrative has now flipped. Presently, the validator entry queue has climbed back to 787,085 ETH in a 14-day wait to stake, indicating a strong return of confidence and growing demand to stake. Meanwhile, the validator exit queue has dropped sharply to 616,898 ETH in a 10-day wait, a clear sign that its previous peak is fading fast to nearly 1 million ETH. This shift shows that fewer validators are leaving the network, and the pressure from unstaking is diminishing fast. Ethereum has over 1.05 million active validators, with 35.6 million ETH staked, which is equivalent to 29.4% of the total supply, and a steady APR of 2.89%. According to Bull Theory, this is exactly how a supply squeeze unfolds: it starts slowly at first, then all at once, as liquidity tightens and more ETH is locked away. Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s latest bounce off a support level at $110,000 has coincided with a technical observation shared by crypto analyst CrypFlow, who highlighted a shakeout pattern that’s currently playing out, which has always preceded the strongest legs of Bitcoin’s bull runs. According to the analyst, the ongoing shakeout pattern setup may be laying the foundation for another rally that could take Bitcoin above its all-time high and beyond $130,000. The Anatomy Of Bitcoin’s Shakeout Pattern Bitcoin’s price action in the past 24 hours has been highlighted by intense volatility, opening the day just above $113,000 before dipping to $110,800 and quickly rebounding to now trading back above $112,000 at the time of writing. However, expanding the short-term price action into a longer one shows that Bitcoin is trying to break above a consolidation zone with a green weekly candle following a green close last week. Related Reading: Looking For A Good Bitcoin Entry? Crypto Research Firm Reveals The Best Time To Buy BTC Notably, technical analysis of the weekly candlestick timeframe chart from crypto analyst CrypFlow shows that this price action is part of a shakeout pattern that’s characteristic of Bitcoin. According to the analyst, Bitcoin never trends higher in a straight line. Instead, each expansion phase in its market cycle is preceded by two steps of a consolidation and a shakeout. Shakeouts were nothing more than quick downside wicks earlier in this cycle. More recently, however, the corrections have become deeper and longer with full-bodied weekly candlesticks that drove out many investors before the next expansion phase began. The chart below, which was shared by the analyst, shows this repeating pattern of shakeouts in purple circles and expansions in green boxes since the cycle bottom in 2022, with the latest dip in the last week of August slotting neatly into the same framework of a purple shakeout. Why Bitcoin Is Headed Above $130,000 As shown in the chart above, the most recent break below the consolidation box is somewhat shorter than the previous two. Now, Bitcoin is climbing back into its range, and if it follows its previous movements since 2022, it could now be at the cusp of a new uptrend. Related Reading: Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash At the time of writing, the stochastic RSI on the weekly chart has dipped to oversold levels and is on the verge of a bullish cross. If confirmed, this indicator could provide the momentum for Bitcoin’s next continuation of the step-like progression. In terms of a price prediction, the expansion phase highlighted in the analysis projects that Bitcoin may not only retest its current all-time high but also push into new price levels above $130,000. With Bitcoin currently trading around $112,200, reaching $130,000 would translate to a gain of roughly 15.8%. A surge to $130,000 would most likely lift Bitcoin’s support base closer to its current all-time high around $124,000 before the next consolidation and shakeout. Featured image from Pixabay, chart from Tradingview.com
The approval could revolutionize investment strategies, offering enhanced flexibility and potentially reshaping the mutual fund industry landscape.
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The Securities and Exchange Commission (SEC) delayed decisions on three crypto exchange-traded funds (ETFs) on Sept. 10. The decisions postponed BlackRock’s Ethereum staking proposal alongside Franklin Templeton’s spot XRP and Solana ETF applications. The delays come as the SEC develops a generic listing framework that could streamline future crypto ETF approvals. The postponements position these […]
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CFTC Chair nominee Brian Quintenz posted a lengthy statement and several screenshots of his conversation with Tyler Winklevoss.
Ripple has once again caught headlines after quietly transferring 15 million XRP tokens just hours after securing a legal win against the U.S. Securities and Exchange Commission (SEC). Related Reading: Institutional Adoption Rises: 21X Brings Chainlink Into Europe’s Tokenized Securities Market The transaction, recorded on Ledger #98,741,614, carried a negligible fee of 0.000015 XRP, showcasing the network’s efficiency. While Ripple has not provided an official statement, analysts suggest the move could be tied to liquidity preparation for exchanges, settlement mechanisms, or the expansion of Ripple’s On-Demand Liquidity (ODL) corridors. The timing, so close to its courtroom victory, has fueled speculation that Ripple is positioning itself for a new phase of institutional adoption. Whales Watch Closely as XRP Price Slips Despite the optimism around Ripple’s legal clarity, XRP has not been immune to market pressure. Currently, XRP trades at $2.96, down 1.67% in the past 24 hours, with daily trading volume falling over 26% to $4.94 billion. Analysts warn that this decline in both price and volume could signal waning short-term momentum. XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview Chart data highlights a critical battleground for XRP between $0.65–$0.68 resistance levels and support zones at $0.60 and $0.55. A decisive breakout above $0.70 could push XRP toward $0.80, while failure to hold support risks deeper corrections. Notably, whale activity and institutional interest continue to build, with XRP futures open interest surging to $7.94 billion, underscoring expectations of heightened volatility. ETFs, RLUSD, and the Bigger Picture Crypto analyst Zach Rector recently highlighted that Ripple’s restructuring of institutional XRP sales during its SEC case could shape the framework for potential XRP exchange-traded funds (ETFs). With ETF issuers unable to source XRP directly from Ripple, centralized exchanges and OTC desks may become the main supply channels, creating added pressure on secondary market liquidity. Meanwhile, the adoption of Ripple USD (RLUSD) in Japan, facilitated through a partnership with SBI Group, has strengthened XRP’s fundamentals. RLUSD requires XRP for transaction fees, further boosting on-chain demand. Whale accumulation and growing institutional exposure through platforms like the CME also support a more bullish long-term outlook. Related Reading: Dogecoin Adam And Eve Pattern Teases Explosive Breakout: Here’s The Price Target As the dust settles on Ripple’s regulatory battle, the company’s swift 15M XRP transfer signals it is wasting no time preparing for its next chapter. Whether tied to ETF readiness, liquidity expansion, or cross-border growth, one thing is clear: the market is watching closely. Cover image from ChatGPT, XRPUSD chart from Tradingview
A lawsuit alleging that Bitcoin treasury firm Strategy misled investors by not being transparent about an accounting rule has been scrapped.
Crypto exchange Gemini lifted the price range for its initial public offering to $24 to $26 per share, setting up a debut that could value the company at about $3.2 billion, according to a filing this week. The New York-based exchange, run by Cameron and Tyler Winklevoss, previously aimed for a range of $17 to […]
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Broadcom's strong performance boosts investor confidence, potentially driving further investment and innovation in the semiconductor industry.
The post Broadcom leads chip sector rally on strong Wednesday performance appeared first on Crypto Briefing.
The text chain revealed questions the Gemini co-founders sent Brian Quintenz in July that signaled they were looking for certain assurances regarding enforcement actions.
The SEC has extended deadlines for crypto funds tracking Solana and XRP, along with proposals targeting Ether staking.
Toncoin and Quant are two altcoins that have witnessed a surge in whale transactions recently, something that could foreshadow volatility for their prices. Toncoin & Quant Have Seen A Spike In Whale Transaction Count In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Whale Transaction Count for two altcoins: Toncoin (TON) and Quant (QNT). This indicator measures the total amount of transfers occurring on a given network that are carrying a value of more than $100,000. Generally, only the big-money investors or “whales” are capable of making transfers this large, so the metric’s value is considered to correspond to the activity from this cohort. These holders generally carry some degree of influence in the market, so whenever they are on the move, the market itself could experience fluctuations. This can make their activity worth keeping an eye on. Related Reading: Bitcoin’s Most Resolute Diamond Hands Are Only Growing Older, Data Shows Below is the chart shared by Santiment that shows how the Whale Transaction Count has changed for Toncoin and Quant over the last few months. As is visible in the graph, the Whale Transaction Count has seen a large spike for both Toncoin and Quant recently, suggesting the whales have been active on the networks. Interestingly, despite being the much bigger network in terms of market cap, TON’s spike has only amounted to a value of 3, while QNT has observed the metric touch the 24 mark. That said, the small value that Toncoin has witnessed is still high when compared to the past. In fact, only one spike in the last three months has been compared to this one. In contrast, Quant has seen a few spikes of a similar scale. Thus, it would appear that whales just tend to be less active on TON in general. As for what the spikes could imply for the altcoins, price volatility may be coming, if the past is to go by. “Historically, large spikes in $100K+ sized moves foreshadow price direction changes,” explains the analytics firm. These changes, however, can occur in either direction. Whale Transaction Count only counts up the number of moves that the large entities are making and doesn’t contain any information about the breakdown between buy and sell moves. Related Reading: Cardano Pushes Past $0.85: Falling Wedge Breakout Confirmed? As such, it’s always hard to tell whether a spike in whale activity is bullish or bearish for the asset’s value. The whales being active on the Toncoin and Quant networks could only suggest that some sort of sharp price action may be on the horizon. TON Price At the time of writing, Toncoin is floating around $3.1, down around 1.6% over the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
A widely used Bitcoin technical analysis indicator suggested that BTC is on the verge of an “explosive price expansion” toward new all-time highs.
The bug impacted some remote procedure call (RPC) nodes, causing them to fall out of sync, but did not impact onchain block production.
Sate Senator Keith Kelley of Alabama echoed concerns made by some banking groups after the passage of the GENIUS Act in July.
American exchange Gemini is the latest crypto firm seeking a multi-billion dollar valuation with its upcoming IPO.
President Trump’s CFTC chair nominee Brian Quintenz alleged that Tyler Winklevoss attempted to derail his confirmation after Quintenz refused to promise favorable treatment regarding the exchange’s past litigation with the commission. According to private text messages released by Quintenz on Sept. 10, Winklevoss shared Gemini’s 13-page complaint against the CFTC Inspector General in a July […]
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REX and Osprey clear the SEC’s 75-day window with multiple crypto ETFs poised to debut, even as regulators push back decisions on rival Ether, Solana and XRP products.
Brian Quintenz published what he said were text messages showing him refusing to make promises to the Winklevoss brothers in return for their support for his CFTC nomination.
SOL Strategies CEO Leah Wald outlined how Solana-focused digital asset treasury companies can drive institutional adoption and exchange-traded fund (ETF) flows. In an interview with CryptoSlate, Wald noted that multiple Solana treasury companies create a “rising tide” effect similar to Bitcoin miners benefiting alongside Bitcoin ETF inflows. She noted the parallel between Bitcoin ecosystem dynamics, […]
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XRP reserves grew by 1.2 billion, and the altcoin’s price topped $3 the next day. Is this a sign that traders expect new highs if an XRP ETF is approved by the SEC?
The JPMorgan analysts warned that other index providers may also reconsider their inclusion of Strategy and similar crypto treasury firms.
On Wednesday, Polygon PoS experienced 10–15 minute delays in recording block "milestones" after a bug was detected.
Avalanche (AVAX) has been riding a wave of optimism as bulls push for a breakout above the crucial $27–$28 resistance zone. Currently, AVAX trades just above $26.5, marking its fourth consecutive day of gains. Related Reading: Dogecoin Adam And Eve Pattern Teases Explosive Breakout: Here’s The Price Target The move comes as Ava Labs strengthens its ecosystem with two high-profile partnerships: an MoU with Korean firm WeBlock to expand real-world asset (RWA) tokenization and a collaboration with Toyota Blockchain Lab on mobility infrastructure. AVAX's price trends to the upside on the daily chart. Source: AVAXUSD chart from Tradingview Strategic Partnerships Drive Real-World Adoption for Avalanche The WeBlock deal is set to introduce regulation-compliant tokenized products and a new stablecoin pilot in South Korea. Meanwhile, the Toyota partnership aims to build the Mobility Open Network (MON), a blockchain-based system designed for smart transport, shared mobility, and even robotaxi fleets. Together, these initiatives reinforce Avalanche’s leadership in combining blockchain with practical real-world applications. Derivatives and Technical Indicators Support Bullish Outlook Market data shows AVAX open interest has surged to a record $1.07 billion, signaling strong capital inflows from derivatives traders. This suggests rising confidence that Avalanche is poised for a breakout. On the technical front, AVAX is trading above its 50-day and 200-day moving averages, confirming a Golden Cross and strengthening bullish sentiment. The RSI currently sits at 61, leaving room for further upside before hitting overbought levels. Similarly, the MACD histogram has turned positive, with its line crossing above the signal line earlier this week, both classic signs of accelerating momentum. AVAX Price Prediction: Bulls Eye $30 and Beyond If AVAX secures a decisive close above $26.9, analysts project a move toward the $29.78 pivot level, just shy of the $30 psychological milestone. A successful breakout could unlock further gains into the $32–$35 range within the next two to three weeks, aligning with broader bullish sentiment in altcoins like Solana (SOL) and Tron (TRX). Related Reading: Bitcoin Futures Pressure Score Hits 18%: Shorts Are Losing Momentum On the flip side, failure to hold current levels may trigger a retest of support near $25.15, with deeper downside risks emerging if $24.00 breaks. However, with institutional partnerships expanding and technical indicators flashing bullish, Avalanche remains one of the strongest breakout assets this September. Cover image from ChatGPT, AVAXUSD chart from Tradingview
AVNT posted a 43.3% price increase over the past 24 hours to record a 78% recovery from its bottom, despite continued sell pressure from its recent airdrop. Avantis airdropped AVNT tokens on Sept. 9 at a starting price of $0.488, but immediate selling activity from airdrop recipients seeking liquidity drove the token lower. The sell-off […]
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The firm is building a “diversified cryptocurrency fund pool" including tokens related to "the Web3 pan-entertainment track."